Mitsui Fudosan and MaaS Global Announce Strategic Partnership
Mitsui Fudosan invests in MaaS Global, seeking speedy product launch in Japan later in 2019.
Helsinki, Finland/Tokyo, Japan – April 25th, 2019 – MaaS Global and leading global real estate company Mitsui Fudosan announced their strategic partnership to incorporate MaaS Global’s ‘Mobility as a Service’ platform Whim into urban development in Japan in 2019. With over four million trips made since its launch in Europe in November 2017, Whim is the first all-inclusive MaaS solution commercially available on the market. The parties plan to collaborate with local transport service providers (TSP’s) and to conduct a proof of concept in the Greater Tokyo area in 2019 and seek to accelerate the collaborative relationships.
“With its long history in urban development in Japan, we are extremely pleased to have Mitsui Fudosan on board as our investor and strategic partner in Japan. Our partnership enables us to continue employing our Real Estate x MaaS vision: the next evolution phase to combine living and mobility,” MaaS Global CEO Sampo Hietanen comments. “Mitsui Fudosan is a very strong partner for us to expand the MaaS model in different phases of actual implementation and launch in Japan, which we look forward to taking place later in 2019.”
“MaaS Global is the world’s leading MaaS company that has been expanding its service areas from Helsinki, its home market, to other areas such as Belgium and the UK, with plans to launch in cities across Europe, the US and Asia this year, collaborating with local partners to bring MaaS to life,” Nobuhiko Mochimaru, General Manager of Mitsui Fudosan, comments. “We decided to invest into MaaS Global to bring such global expertise to launch its MaaS business in Japan.”
As one of its main initiatives within its long-term business plan “Vision 2025”, Mitsui Fudosan seeks to innovate business models by harnessing real estate tech. The company will endeavor to enhance collaborative relationships between its wide-ranging business areas for urban development, such as office, retail, residential, hotel and logistic, and MaaS Global’s expertise in the MaaS business. Mitsui Fudosan focuses not only to provide its communities with better mobility solutions through MaaS, but also to incorporate MaaS into its urban development that will lead to enhancing comfortable living for those who live and work in its communities.
About MaaS Global & Whim
MaaS Global is the world’s first true Mobility-as-a-Service (MaaS) operator with its award-winning Whim app, which provides users all city transport services in one app. With over four million trips made since its launch in November 2017, Whim is the first all-inclusive MaaS solution commercially available on the market. Whim allows users to journey where and when they want with public transport, taxis, cars, and many other options, all under a single monthly subscription. Whim has revolutionized users’ travel habits, in favor of circular modes. MaaS Global was founded in 2015 and is headquartered in Helsinki, Finland. The company is funded by Toyota Financial Services, Karsan Otomotiv, Transdev, Aioi Nissay Dowa, Denso and Veho and the total amount of investments is 24.2 million euros.
About Mitsui Fudosan
Mitsui Fudosan is an integrated real estate developer established in 1941 and engaged in the development and operation of office buildings, homes, commercial facilities, hotels and resorts. The company has the tradition of new challenges and value creation that have been represented in such iconic projects as “Kasumigaseki Building”, the first modern skyscraper in Japan completed in 1968, and “Lalaport Funabashi Shopping Center”, the first large-scale regional shopping center in Japan completed in 1981.
Going beyond developments of office and residential properties, Mitsui Fudosan has been engaged in diverse areas of urban planning and management, including “Tokyo Midtown” properties that integrate all urban functions within one single complex, the “Nihonbashi Revitalization Plan” project that seeks to unite government, business and local community to energize and bring about new attraction to Nihonbashi under the concept of “proceeding to create while retaining and revitalizing”, and the “Kashiwa-no-ha Smart City” that seeks to materialize environmental cities of future through the partnership among public, private and academic sectors. Mitsui Fudosan is also aiming for rapid growth in our overseas businesses including the development of office buildings, homes and commercial facilities in Europe, the United States and Asia.